Is energy security a problem in Albania?

About 60% of Albanian energy demand is met through the fossil fuels. In terms of electricity generation, about 90% of the electricity is generated from hydropower. With the ongoing climate change, energy security could become a critical concern in Albania.

Does Albania have a power supply security problem?

Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.

Is Albania a good place to invest in the energy sector?

Albania like the rest of the Western Balkan has continued encourage foreign capital to enter the energy sector. In 2018, the net inflows of foreign direct investment amounted to 8% of the national GDP (IMF, 2018). Investments that have already reached above $ 1 billion in 2019.

What are the traditional sources of electricity in Albania?

Then, by first, the traditional sources developed in Albanian have been based on its hydroelectric potential.< On regard, it can be said that today the total installed capacity has reached at 2400 MW.

Does Albania have a hydro power plant?

Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable. The total installed generation capacity has increased over the last few years because of new private investments in hydro power plants and more recently in small solar farms.

What is AEA-Albania Energy Association?

AEA-Albania Energy Association is a not-for-profit industry association, established in 2011 to represent albanian and international energy producers, consumers and promote the use of sustainable energy in Albania and Europe. Identification number (NUIS): L11827451K Place of registration: Tirana Court, Decision 3032.